Rankin Aaron Edward Frederick - 19 May 2021 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Signature
/s/ Heidi Jonas, Attorney-in-fact for Aaron E.F. Rankin
Issuer symbol
SPT
Transactions as of
19 May 2021
Net transactions value
-$2,004,288
Form type
4
Filing time
21 May 2021, 17:41:03 UTC
Next filing
03 Jun 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Conversion of derivative security $0 +17,000 $0.000000 17,000 19 May 2021 See footnote F1
transaction SPT Class A Common Stock Sale $28,134 -500 -2.9% $56.27 16,500 19 May 2021 See footnote F1, F2
transaction SPT Class A Common Stock Sale $154,202 -2,690 -16% $57.32 13,810 19 May 2021 See footnote F1, F3
transaction SPT Class A Common Stock Sale $69,608 -1,200 -8.7% $58.01 12,610 19 May 2021 See footnote F1, F4
transaction SPT Class A Common Stock Sale $11,848 -200 -1.6% $59.24 12,410 19 May 2021 See footnote F1, F5
transaction SPT Class A Common Stock Sale $67,528 -1,200 -9.7% $56.27 11,210 19 May 2021 See footnote F1, F6
transaction SPT Class A Common Stock Sale $376,835 -6,574 -59% $57.32 4,636 19 May 2021 See footnote F1, F3
transaction SPT Class A Common Stock Sale $245,654 -4,236 -91% $57.99 400 19 May 2021 See footnote F1, F7
transaction SPT Class A Common Stock Sale $23,767 -400 -100% $59.42 0 19 May 2021 See footnote F1, F8
transaction SPT Class A Common Stock Conversion of derivative security $0 +17,000 $0.000000 17,000 20 May 2021 See footnote F1
transaction SPT Class A Common Stock Sale $22,665 -400 -2.4% $56.66 16,600 20 May 2021 See footnote F1, F9
transaction SPT Class A Common Stock Sale $5,781 -100 -0.6% $57.81 16,500 20 May 2021 See footnote F1
transaction SPT Class A Common Stock Sale $47,461 -800 -4.8% $59.33 15,700 20 May 2021 See footnote F1, F10
transaction SPT Class A Common Stock Sale $113,276 -1,874 -12% $60.45 13,826 20 May 2021 See footnote F1, F11
transaction SPT Class A Common Stock Sale $87,513 -1,416 -10% $61.80 12,410 20 May 2021 See footnote F1, F12
transaction SPT Class A Common Stock Sale $39,760 -700 -5.6% $56.80 11,710 20 May 2021 See footnote F1, F13
transaction SPT Class A Common Stock Sale $29,284 -503 -4.3% $58.22 11,207 20 May 2021 See footnote F1, F14
transaction SPT Class A Common Stock Sale $151,375 -2,539 -23% $59.62 8,668 20 May 2021 See footnote F1, F15
transaction SPT Class A Common Stock Sale $271,953 -4,500 -52% $60.43 4,168 20 May 2021 See footnote F1, F16
transaction SPT Class A Common Stock Sale $257,645 -4,168 -100% $61.82 0 20 May 2021 See footnote F1, F17
holding SPT Class A Common Stock 29,398 19 May 2021 Direct F18

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPT Class B Common Stock Conversion of derivative security $0 -17,000 -0.48% $0.000000 3,508,701 19 May 2021 Class A Common Stock 17,000 See footnote F1, F19
transaction SPT Class B Common Stock Conversion of derivative security $0 -17,000 -0.48% $0.000000 3,491,701 20 May 2021 Class A Common Stock 17,000 See footnote F1, F19
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Following the transactions reported herein, this represents (i) 955,438 shares of Class B common stock held by the Aaron Edward Frederick Rankin Revocable Trust, of which Mr. Rankin serves as the sole trustee; (ii) 1,250,962 shares of Class B common stock held by the Rankin Family 2013 Trust, of which Yeming Shi Rankin, Mr. Rankin's spouse, serves as the sole trustee; and (iii) 1,285,301 shares of Class B common stock held by the Rankin Family 2013 Non-Exempt Trust, of which Yeming Shi Rankin serves as the sole trustee. Yeming Shi Rankin may be deemed to have sole voting and dispositive power with respect to the Class B common stock held by, each of the Rankin Family 2013 Trust and the Rankin Family 2013 Non-Exempt Trust.
F10 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.06 to $59.57 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F11 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.10 to $61.05 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F12 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.53 to $61.98 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F13 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.47 to $57.27 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F14 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.81 to $58.49 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F15 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.06 to $60.04 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F16 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.07 to $61.03 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F17 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.09 to $62.00 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F18 This total reported in column 5 includes: (1) 16,528 reported Restricted Stock Units ("RSUs") which vest in 12 equal quarterly installments beginning on June 1, 2021; and (2) 9,845 reported RSUs of which 25% vest on March 1, 2022 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2022. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.
F19 Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.62 to $56.55 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.63 to $57.61 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.63 to $58.54 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.23 to $59.25 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.62 to $56.61 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.63 to $58.53 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.23 to $59.90 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.65 to $56.67 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

The transactions disclosed in this form 4 occurred under a 10b5-1 plan.